TheStreet upgraded shares of Support.com (NASDAQ:SPRT) from a d+ rating to a c+ rating in a research report sent to investors on Friday, TheStreetRatingsTable reports.
SPRT opened at $1.94 on Friday. Support.com has a 1-year low of $1.48 and a 1-year high of $2.78. The stock’s fifty day simple moving average is $1.77 and its 200 day simple moving average is $1.70. The stock has a market cap of $37.13 million, a PE ratio of 8.86 and a beta of 0.19.
Hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new position in shares of Support.com in the second quarter valued at $33,000. Perritt Capital Management Inc. acquired a new stake in shares of Support.com during the 2nd quarter worth about $162,000. George Kaiser Family Foundation acquired a new stake in shares of Support.com during the 3rd quarter worth about $359,000. JBF Capital Inc. boosted its holdings in shares of Support.com by 24.5% during the 2nd quarter. JBF Capital Inc. now owns 327,757 shares of the technology company’s stock worth $531,000 after buying an additional 64,501 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Support.com by 31.8% during the 2nd quarter. Vanguard Group Inc. now owns 996,045 shares of the technology company’s stock worth $1,614,000 after buying an additional 240,293 shares during the period. 33.63% of the stock is owned by hedge funds and other institutional investors.
Support.com, Inc provides customer support services, end user software, and cloud-based software primarily in the United States. The company offers turnkey and outsourced support services for service providers, retailers, original equipment manufacturers (OEMs), warranty providers, Internet of Things solution providers, and technology companies.
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